Gaithersburg Real Estate News & Market Updates for the week of 11/15/2012

 

There are currently 218 Properties currently available in Gaithersburg Maryland for Montgomery County in Maryland

 

Other good news overall for the whole country is about foreclosures. .

Realty Trac has reported just recently that foreclosure filings felt to a 5 year low!

We are on our way to recovery

The caveat for homeowners in our area still remain a high probability that their homes are still underwater
Don't expect prices to shoot up to 2005 levels in the near future. .
There is a sense of more disciplined healthy market growth and slow in this case is good for the economy. Home values growth will be directly proportional  at the reluctance of appraisers to increase their opinions and keep them constricted no matter what the buyers want to pay.

I can tell you that we have experienced this first hand in the last 7 days. Two of our closings were halted because of the appraisals coming way too low.


Prices of homes are going up because of the low inventory. .but only for certain price ranges. The luxury real estate remains stable . . but there are fewer people buying homes above the $750,000 and up range.

Mortgage rates at still or near record lows. This is good indication that we are still going upwards and I caution not to expect this to remain as it is. .if you are near teh decision to buy a house, you shoudl do so now.

There is no bottom of the market anymore. . .you'll  have to wait for the next recession if you want to see it again. . .better luck next time!

The  inventory shortage has whipped up a buyer frenzy in our local market. .specially in the lower range properties.
Bidding wars and price increases are coming from all angles. .
From apartment renters that are finding mortgage payments to be LOWER than their monthly rentals
To the lucky ones in position to buy and upgrade their housing.

          

The average increase in home values remains  constant in the Washington Metropolitan Area

In average overall we should see around 7% to 10% total gains from 2011.


Affordability still is an issue in Montgomery County
The median Value of owner-occupied housing in Montgomery County is $482.900
yet
The median per capita  income money is $47,310
Direct data taken  from Census.Gov
That's TEN TIMES the average housing vs income per capita
In Florida the median per capita is around $25,000
Only 5 times that. . buys them a house OVER the median value in Florida (around $125,000)
try doing the same here in Montgomery County and you will be lucky to get a condo at that price.

Our market is dependent in the affordability range. .like it or not


Until we achieve a balanced real estate market in our area. .prices will continue to be stagnant in the high end.

The most dramatic data for October 2012 is the change of SOLD DOLLAR VOLUME
A change of 23.61 %
A great representation in the condition of our local market
As you can see below: 
                                                                                

Search All Gaithersburg Homes For Sale here

The most expensive active home for sale in Gaithersburg is:

 

20533 ZION ROAD, Gaithersburg MD 20882

$1,495,000?

20533 ZION ROAD, Gaithersburg

House is TEARDOWN. Value is in LAND: Almost 17 acres zoned RE2 with PUBLIC H20 available. Also listed in lot-land as MC6159542. So...

  • Beds 3
  • Baths 1.0
  • MLS MC7922579

 

The least  expensive active home for sale in Gaithersburg is:

 

19443 BRASSIE PLACE Unit #103, Gaithersburg MD 20879

$73,000

19443 BRASSIE PLACE Unit #103, Gaithersburg — Thomas Choice Gardens

1st floor 2 BR, 2 BA unit at an amazing price! Fenced patio for privacy. Don't miss this opportunity!

  • Beds 2
  • Baths 2.0
  • MLS MC7956232
  • SqFt. 1,059

 

 

Foreclosure active homes for sale in Gaithersburg:

 

872 BAYRIDGE DRIVE, Gaithersburg MD 20878

$339,000

872 BAYRIDGE DRIVE, Gaithersburg

Beautiful large townhouse Two master rooms plus one additional room and full bathroom in the basement. Large kitchen eating area...

  • Beds 3
  • Baths 4.0
  • MLS MC7948580

 

9210 WARFIELD ROAD, Gaithersburg MD 20882

$299,900

9210 WARFIELD ROAD, Gaithersburg

3 bedroom, 2 bath rambler on a secluded lot. Long, private driveway leads to attached 2 car garage. Exit to deck from living roo...

  • Beds 3
  • Baths 2.0
  • MLS MC7960680

 

204 SWARTHMORE AVENUE, Gaithersburg MD 20877

$299,000?

204 SWARTHMORE AVENUE, Gaithersburg

This is a Fannie Mae HomePath property. Purchase for as little as 3% down. Property approved for Homepath Mortgage financing and...

  • Beds 3
  • Baths 3.0
  • MLS MC7929494

 

58 WINDBROOKE CIRCLE Unit #58, Gaithersburg MD 20879

$174,000

58 WINDBROOKE CIRCLE Unit #58, Gaithersburg — Windbrooke

Beautiful top floor home, open floor plan, fireplace, cathedral ceilings, and beautiful view! Two bedrooms, two baths, separate la...

  • Beds 2
  • Baths 2.0
  • MLS MC7950065
  • SqFt. 1,435

 

19443 BRASSIE PLACE Unit #103, Gaithersburg MD 20879

$73,000

19443 BRASSIE PLACE Unit #103, Gaithersburg — Thomas Choice Gardens

1st floor 2 BR, 2 BA unit at an amazing price! Fenced patio for privacy. Don't miss this opportunity!

  • Beds 2
  • Baths 2.0
  • MLS MC7956232
  • SqFt. 1,059

 

Latest Listings in Gaithersburg Maryland as of 11/15/2012

 

20533 ZION ROAD, Gaithersburg MD 20882

$1,495,000?

20533 ZION ROAD, Gaithersburg

House is TEARDOWN. Value is in LAND: Almost 17 acres zoned RE2 with PUBLIC H20 available. Also listed in lot-land as MC6159542. So...

  • Beds 3
  • Baths 1.0
  • MLS MC7922579

 

15213 BUCKEYE COURT, Gaithersburg MD 20878

$1,440,000?

15213 BUCKEYE COURT, Gaithersburg

Beautiful new home in the sought- after Quail Run subdivision. 4 bedrooms, 4 full baths and 2 half-baths, hardwood floors, gourmet...

  • Beds 4
  • Baths 6.0
  • MLS MC7691409
  • SqFt. 4,200

 

16112 NURSERY LANE, Gaithersburg MD 20878

$1,039,000?

16112 NURSERY LANE, Gaithersburg

MODEL HOME CONDITION,,,Gorgeous circular stairway,Gourmet kitchen,upgraded granite counter tops & cabinetry,Bright FR with 2story...

  • Beds 6
  • Baths 5.0
  • MLS MC7849385

 

23430 WOODFIELD ROAD, Gaithersburg MD 20882

$995,000

23430 WOODFIELD ROAD, Gaithersburg

***PHOTOS SIMILAR***TO BE BUILT***. This home mimics classic early American design referred to as a "Cottage Style"/ front roof l...

  • Beds 4
  • Baths 6.0
  • MLS MC7947100
  • SqFt. 4,000

 

7830 BRINK ROAD, Gaithersburg MD 20882

$915,000

7830 BRINK ROAD, Gaithersburg

Elegant home Priv 5 ac w/ beaut grdns,serene wds,& its own pond. 8000 sq. ft. finished on 3 levls. enjoy nature and be removed fro...

  • Beds 5
  • Baths 5.0
  • MLS MC7952198
  • SqFt. 8,018

 

140 CROWN FARM DRIVE, Gaithersburg MD 20878

$909,685

140 CROWN FARM DRIVE, Gaithersburg

Beautiful new colonial located close to I-270, the ICC, shopping and conveniences with upgrades, huge gourmet kitchen and many ame...

  • Beds 5
  • Baths 5.0
  • MLS MC7941239
  • SqFt. 4,375

 

108 CROWN FARM DRIVE, Gaithersburg MD 20878

$879,990?

108 CROWN FARM DRIVE, Gaithersburg

Luxurious single family homes with all the upgrades and amenities you would expect from a customer builder. Brick exteriors, hardw...

  • Beds 4
  • Baths 5.0
  • MLS MC7568301
  • SqFt. 4,375

 

182 NORWICH LANE, Gaithersburg MD 20878

$879,990?

182 NORWICH LANE, Gaithersburg

Luxurious single family homes with all the upgrades and amenities you would expect from a customer builder. Brick exteriors, hardw...

  • Beds 4
  • Baths 5.0
  • MLS MC7568198
  • SqFt. 4,375

 

190 NORWICH LANE, Gaithersburg MD 20878

$879,990?

190 NORWICH LANE, Gaithersburg

Luxurious single family homes with all the upgrades and amenities you would expect from a customer builder. Brick exteriors, hardw...

  • Beds 4
  • Baths 5.0
  • MLS MC7568185
  • SqFt. 4,375

 

4810 SUNDOWN ROAD, Gaithersburg MD 20882

$875,000?

4810 SUNDOWN ROAD, Gaithersburg

This truly one-of-a-kind, custom-designed home offers country living w/a twist! This light-filled home features an incredible wrap...

  • Beds 4
  • Baths 4.0
  • MLS MC7823313
  • SqFt. 5,712

 

20900 GOLF VIEW DRIVE, Gaithersburg MD 20882

$850,000?

20900 GOLF VIEW DRIVE, Gaithersburg

Stunning estate sited on nearly 3 acres featuring a grand 2 story foyer, dual Oak stairs & rich hdwd flrs. LR w/bay window & colum...

  • Beds 5
  • Baths 5.0
  • MLS MC7912572

 

8532 CHURCHILL DOWNS ROAD, Gaithersburg MD 20882

$849,900

8532 CHURCHILL DOWNS ROAD, Gaithersburg

Welcome home to this gorgeous 6-bed/5-1/2 bath brick colonial at end of cul de sac backing to tree-lined view w/in-ground pool*cir...

  • Beds 6
  • Baths 6.0
  • MLS MC7958837
  • SqFt. 7,100

 

24218 PRIMULA COURT, Gaithersburg MD 20882

$849,900

24218 PRIMULA COURT, Gaithersburg

An Exquisite Colonial in Woodfield Estates! Gourmet Kitchen w/ granite c-tops & SS appls. Brazilian cherry HWFs. 2-Story FR has St...

  • Beds 4
  • Baths 5.0
  • MLS MC7950347
  • SqFt. 6,833

 

9413 POPLAR CREEK COURT, Gaithersburg MD 20882

$829,000?

9413 POPLAR CREEK COURT, Gaithersburg

Elegant 5 bedroom home on 1.25 acres with four car garage, featuring two gorgeous sunrooms, six burner cooktop, granite counter to...

  • Beds 5
  • Baths 4.0
  • MLS MC7941968

 

8520 CHURCHILL DOWNS ROAD, Gaithersburg MD 20882

$824,000

8520 CHURCHILL DOWNS ROAD, Gaithersburg

Exquisite Colonial in Greenhills Farms sits on 2.71 acs with an in-ground pool & gazebo. 5 Bds & 4.5 BAs. 3 Fireplace, 2 Decks, & ...

  • Beds 5
  • Baths 5.0
  • MLS MC7956788
  • SqFt. 5,357

 

8613 AUGUSTA FARM LANE, Gaithersburg MD 20882

$815,000?

8613 AUGUSTA FARM LANE, Gaithersburg

Unbelievable price!!! Stunning colonial with all the bells and whistles on 2 private and serene acres*gourmet kitchen w/corian isl...

  • Beds 4
  • Baths 5.0
  • MLS MC7864607
  • SqFt. 5,910

 

18522 RELIANT DRIVE, Gaithersburg MD 20879

$799,900

18522 RELIANT DRIVE, Gaithersburg

*** Sellers spent over $300k in upgrades *** incredible custom home built by award winning builder " nv homes " , dramatic & open ...

  • Beds 4
  • Baths 5.0
  • MLS MC7952504
  • SqFt. 5,696

 

624 KENT OAKS WAY, Gaithersburg MD 20878

$799,900

624 KENT OAKS WAY, Gaithersburg

Stately & immaculate 3-sided brick home located in sought-after KENTLANDS community. Main level LR, DR, FR w/ FP, OFFICE, mudroom,...

  • Beds 4
  • Baths 3.0
  • MLS MC7938289

 

23614 WHITE PEACH COURT, Gaithersburg MD 20882

$789,900

23614 WHITE PEACH COURT, Gaithersburg

Immaculate! On almost 2 gorgeous acres backing to private parkland. This Ryan Classic has amazing views, 4 generous bdrms, mstr su...

  • Beds 4
  • Baths 4.0
  • MLS MC7929632
  • SqFt. 4,570

 

21500 GOSHEN HUNT LANE, Gaithersburg MD 20882

$769,900

21500 GOSHEN HUNT LANE, Gaithersburg

Gorgeous home shows pride of ownership with a kitchen to envy & enjoy, Kitchen has custom cabinets, granite counters, TOP of the l...

  • Beds 4
  • Baths 3.0
  • MLS MC7929646
  • SqFt. 5,356

 

208 THAXTON STREET, Gaithersburg MD 20878

$729,900?

208 THAXTON STREET, Gaithersburg

bEAUTIFUL BRICK FRONT HOME IN KENTLANDS! PRICED TO SELL! 5 BEDROOMS, 3.5 BATHS, FINISHED WALK-OUT LOWER LEVEL COULD BE GREAT IN LA...

  • Beds 5
  • Baths 4.0
  • MLS MC7944980

 

11009 COLONIAL GREEN COURT, Gaithersburg MD 20878

$729,800

11009 COLONIAL GREEN COURT, Gaithersburg

One of the best lot in Dufief Mill SD. Cul-de-sac, 0.437 acres backing to trees. Most of the major items have been replaced incl...

  • Beds 5
  • Baths 4.0
  • MLS MC7946040

 

8115 EXODUS DRIVE, Gaithersburg MD 20882

$729,000

8115 EXODUS DRIVE, Gaithersburg

Great colonial in Goshen Estates in 1.5 acres / corner lot. Large deck. 5 BDr, 3.5 BAs, 4-car garage, center isle kitchen with gra...

  • Beds 5
  • Baths 4.0
  • MLS MC7951224

 

18501 FONTANA LANE, Gaithersburg MD 20879

$729,000

18501 FONTANA LANE, Gaithersburg

Fabulous location minutes to shady grove metro, yet private cul-de-sac, quiet setting this is the home you've been waiting for! B...

  • Beds 5
  • Baths 5.0
  • MLS MC7940884
  • SqFt. 5,704

 

9011 KIMBLEHUNT DRIVE, Gaithersburg MD 20882

$724,900

9011 KIMBLEHUNT DRIVE, Gaithersburg

Impressive 6500+SF colonial at end of cul-de-sac on 2 part wooded Ac adjoins Parkland! Dramatic 2 story foyer w/curved staircase. ...

  • Beds 5
  • Baths 4.0
  • MLS MC7862596

 

9013 GOSHEN VALLEY DRIVE, Gaithersburg MD 20882

$720,000

9013 GOSHEN VALLEY DRIVE, Gaithersburg

Gorgeous home w/ 4 bdrms & 4 1/2 baths (ALL BATHS BRAND NEW) & side-load garage on 2 acres. Open Foyer, hardwood on main level. 1s...

  • Beds 4
  • Baths 5.0
  • MLS MC7956896

 

314 ALFANDRE STREET, Gaithersburg MD 20878

$715,000?

314 ALFANDRE STREET, Gaithersburg

KENTLANDS MIDTOWN, Close to everything, Fabulous light filled Mitchel & Best 4BR, 3 1/2BA 4 level 3,800 Sq Ft Townhome. NEW HARDW...

  • Beds 4
  • Baths 4.0
  • MLS MC7903949
  • SqFt. 3,789

 

364 PICEA VIEW COURT, Gaithersburg MD 20879

$714,995?

364 PICEA VIEW COURT, Gaithersburg

Within mins to marc & metro, 270, 370 & new icc! Priv. Enclave of homes surrounded by mature trees. Foyer opens to the formal dr &...

  • Beds 4
  • Baths 4.0
  • MLS MC7695814
  • SqFt. 3,170

 

18611 RELIANT DRIVE, Gaithersburg MD 20879

$699,990?

18611 RELIANT DRIVE, Gaithersburg

New Price on this beautiful NV Kingsmill model in excellent condition! This expanded Colonial w/ side load 3 car garage is loaded...

  • Beds 4
  • Baths 5.0
  • MLS MC7920389

 

120 LITTLE QUARRY ROAD, Gaithersburg MD 20878

$699,900

120 LITTLE QUARRY ROAD, Gaithersburg

Newly renovated home located in the Kentlands. This 4 Bedroom 2 and 1 half bath home is beautifully upgraded with granite counter...

  • Beds 4
  • Baths 3.0
  • MLS MC7954292




 The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX. Properties listed with brokerage firms other than Real Estate Company. are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers. The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All listing information copyright MRIS 2012. Last updated: October 15, 2012

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Gaithersburg Real Estate News & Market Updates for the week of 11/15/2012